Over the course of its release in October last fall, Alan Wake II has climbed to being one of the best releases that year. “Game design is an art and Remedy Entertainment have created something of a masterpiece with Alan Wake 2. The four long years of development have paid off, and the passion and love from the studio truly speaks for itself,” we wrote in our review for the game upon its release then.
Additionally, the team is also churning the pot with more games on the way. Previously, it confirmed a second Control game is in the works. Atop of that, a spin-off experience is also underway with the title ‘Codename Condor’. And, it’s also working on a remake collaboration with Rockstar Games on the first two Max Payne titles.
In a new announcement this week, Remedy Entertainment reveals that a new arrangement with publisher 505 Games lands the rights for Control in the Finnish studio’s possession. The deal is to cost EUR 17 million and 505 Games to stand as the publisher until December 31st of this year.
Ever since we signed up with 505 Games in 2017 to develop and publish Control, we have enjoyed a good partnership in building Control into a successful game that has sold over 4 million units and generated shareable net revenue of approximately EUR 100 million to Remedy and 505 Games.
As part of Remedy’s long-term strategy to have more ownership over our business and the IPs we have created, we have gotten back all rights for Control and the in-development Condor and Control 2. Having complete ownership over the Control franchise gives us the freedom to decide the best path forward. We will consider our options carefully, knowing that Control is considered an attractive franchise by many partners.
Tero Virtala, Remedy Entertainment CEO
“Condor and Control 2 have both progressed well in recent months and we expect these projects to reach their next development stages during the first half of 2024. The development of Condor and Control 2 will continue normally when we consider the best publishing, distribution and financing model for these projects.
“As we amicably part ways, I would like to take this opportunity to thank the 505 Games team for our partnership over the years and for helping to establish Control as a gaming franchise with a lot of future potential,” Virtala continues in the press release. In the past, we witnessed Remedy Entertainment operate similarly with Alan Wake when it bought the rights from Microsoft. You can read the full report by heading here.
What is your opinion on the deal for Control?
Source: Remedy Entertainment